Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia, and Atal Innovation Mission (AIM) under NITI Aayog have signed a Letter of Intent (LoI) to strengthen their collaboration on shared needs. The announcement came before a meeting between Hon'ble Prime Minister of Australia, Shri Anthony Albanese, and Hon'ble Prime Minister of India, Shri Narendra Modi, on March 10, 2023, in New Delhi. The LoI is a part of a bigger program, India Australia Innovation and Technology Challenge (IA-ITC), which aims to unite India and Australia's innovation ecosystems to address shared environmental and economic challenges by supporting businesses in commercializing innovative tech-based solutions. This program includes areas such as circular economy, energy transition, and food system resilience. AIM and CSIRO are currently developing a delivery model for IA-ITC program to ensure its success. The program is scheduled to launch officially in July 2023.